Distinguishing Repo and Tri-party Repo (TREP)
The repo rate is the rate at which the central bank of a country (Reserve Bank of India in the case of India) lends money to commercial banks in the event of any shortfall of funds. The repo rate is used by monetary authorities to control inflation. It is economically similar to a secured loan.…
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Cashless Everywhere: now policyholder can avail cashless treatment from non-network hospitals.
Now onwards Hospitals with 15 beds, registered under the Clinical Establishment Act, can provide cashless hospitalization to health insurance policyholders. The General Insurance Council (GIC) on Wednesday launched the “Cashless Everywhere” initiative under which health insurance policyholders will have the freedom to choose any hospital for their treatment. Furthermore, the cashless facility will be extended…
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Retail Banking: How it is different from wholesale banking?
The basic distinctions between retail banking and wholesale banking/Corporate banking are apparent in their target audiences, services offered, customer relationships, and risk profiles. Retail banking business is targeted at individuals, salaried professionals, micro, small, and medium enterprises, Self Help Groups (SHGs), and Non-Resident Indians (NRIs). Retail bankers offer a variety of deposit schemes to individuals…
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Explained: Interconnectedness of Credit Market
The Credit market is also known as the ‘Debt Market’ because the credit market includes various forms of debt. The Credit market is also referred to as the ‘bond market’, as the bond market also characterizes the dominant portion of the credit market. The credit market can be mainly classified into two categories – the…
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Forex market and Interconnectedness of Global Volatility explained
The Foreign Exchange Market in short also called the forex market is a global marketplace for exchanging national currencies. This market determines foreign exchange rates for every currency. It includes all aspects of buying, selling, and exchanging currencies at current or determined prices. Foreign exchange trading uses currency pairs, priced in terms of one versus…
RBI publishes working Group recommendation on State Government Guarantees
The Reserve Bank of India on Tuesday placed on its website the Report of the Working Group on State Government Guarantees. A guarantee, in law, is a contract to answer for the payment of some debt, or the performance of some duty, in the event of the failure of another primarily liable person. A government…
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